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Author Topic: How to Secure Bitcoins?  (Read 473 times)
queenhallmark
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March 10, 2018, 05:32:44 AM
 #41

Following are the main methods to which you can secure your btc in more secure ways which include:
1. Offline Mode
2. Backup
3. Software
4.Encryption

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March 10, 2018, 06:07:00 AM
 #42

There are multiple ways to secure your bitcoins and any other coins/tokens in your portfolio, but the best way among them is unquestionably hardware wallets like Trezor etc. Storing your coins and tokens on exchanges is a bad idea and is something I do not recommend to anyone(Binance Trading Bot hack recently for example). Desktop wallets, paper wallets and hardware wallets are some of the best ways to secure your bitcoins.

Online wallets like MEW(MyEtherWallet) etc are also great to store your altcoins/tokens. I have been using Trezor for quite sometime and I have had a pleasant experience so far. Highly recommended by crypto security experts.

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March 10, 2018, 06:36:42 AM
 #43

The most important thing to keep in mind is: the bitcoin, as a technology itself, is very secure, due to the blockchain infrastructure. The only loose link in that chain, however, is the user-end computer/device. The most important thing to do if you own large amount of bitcoins is to use a hardware wallet, you can search for good ones, there are many, like Trezor, Ledger Nano S, etc., or use paper wallets, and cold storage. That will keep your bitcoins safe. NEVER keep bitcoins that you care for, in a computer that you use daily, and is connected to the internet daily, it could make them vulnerable to exploits found in systems nowadays.
However, for convenience of transacting, the best way to go around with the problem is keeping a small amount of wallets in a usable computer, though not one you connect to the internet often, and securely configuring a good wallet, such as Electrum.

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March 10, 2018, 07:20:23 AM
 #44

Storing bitcoins on a USB stick is not as straight forward as storing regular data. Bitcoin private keys are secret codes and storing them on a regular USB stick leaves them at risk of theft if someone were to physically discover the USB.
Luckily, entrepreneurs have created unique solutions that allow Bitcoin users to store coins on USB sticks or similar devices. The rest of this post will run through your options for storing bitcoins on these devices.
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March 10, 2018, 08:06:44 AM
 #45

In addition to financial benefits, there are several elements that secure bitcoin from theft. Cryptography controls the creation and transfer of a cryptocurrency, and the protocols underlying bitcoin have proven to be robust. Bitcoin's use of a distributed ledger known as blockchain gives owners a record of all their transactions that cannot be tampered with because there is no single point of failure.However, this hasn't stopped attackers from exploiting vulnerabilities within bitcoin exchanges or wallets -- the software used for storing bitcoins on computers or smartphones. Bitcoin exchanges are not regulated by the government, and they generally do not provide enough insurance and security to be used to store money in the same way as a bank.

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March 11, 2018, 09:45:04 AM
 #46

Bitcoin is stored through bitcoin wallet through your account. so security is guaranteed only you who know the private keys without anyone knowing it.

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March 13, 2018, 03:40:24 PM
 #47

Best way to protect your bitcoin by using google 2FA application.I suggest you to use coinbase software to hold your bitcoin.Because coinbase support 2fa verification.

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March 13, 2018, 03:43:52 PM
 #48

Bitcoin is stored through bitcoin wallet through your account. so security is guaranteed only you who know the private keys without anyone knowing it.
This is other ways to protect our bitcoin. We also have hardware wallet and offline wallet to secure our bitcoin. Just to add I am using ledger nano for my all coins. Bitcoin, ethereum and other coins that support the erc20 smart contract. So I dont have any problem so far using this wallet I feels secured to use this.

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March 13, 2018, 03:49:07 PM
 #49

The safest option would be to use hardware wallet like Trezor or Ledger Nano. These two are the best. If you don't want to spend money then you can use web wallet such as Blockchain.io or Coinbase.

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March 13, 2018, 03:54:54 PM
 #50

How to Secure Bitcoins?
  security of your coins defend on your own self ,if you careless enough to divulge your private key, then your a loser. There are software given to protect your key , just do the right thing and everything will be alright.
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March 13, 2018, 03:58:22 PM
 #51

How to Secure Bitcoins?

make a secured wallet and never share your password or even private keys.
never open your laptop with your wallet in an open area which those connections are not secured.
make sure the address is right before sending any amount.

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March 13, 2018, 03:58:46 PM
 #52

The first thing that you do to secure your bitcoin is, don't share your private key to others even if you are friends don't share it. When using a online wallet example for that is eth wallet you must install a offline wallet, just like a metamask so it can prevent your account to be phished by the hackers.
And lastly be smart, you should be think wisely in investing
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March 13, 2018, 04:03:22 PM
 #53

Do not store in the exchanger, make exchanger as a place of exchange only. and not as a place to store Bitcoin.
There is no safe place unless you have full access to your own wallet.

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March 13, 2018, 04:06:36 PM
 #54

Cold storage and hardware wallet should help.
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March 14, 2018, 12:32:33 PM
 #55

Hardware wallets are very safe. Cold storage too is also very safe. When using online wallets make sure to get the passkeys and do not screenshot these passkeys, because your phone could be hacked and the passkeys will be gotten from the screenshot. Write them down and keep them in a place where only you have access to them.
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March 14, 2018, 12:34:51 PM
 #56

How to Secure Bitcoins?
To secure your bitcoin these are, Offline Mode. The offline mode of securing bitcoins is called cold storage. ...
Backup. Backup your entire bitcoin wallet early and often. ...
Software. Keep your software up to date. ...
Encryption. ...
Multi-Signature. ...
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March 14, 2018, 12:51:04 PM
 #57

 How to secure bitcoin? Despite the increasing rate of cyberattacks, cryptocurrency wallets are still among the best ways to secure bitcoin. Ideally, wallet software should be installed on a bootable USB or a live CD to have a good security
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March 14, 2018, 01:02:19 PM
 #58

depends on ur security on ur account..better put 2FA in to it!

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March 14, 2018, 01:12:42 PM
 #59

the way is very easy. You simply open the wallet app, enter the Bitcoin address of the transaction opponent with the number of bitcoins you want to transfer, then press the 'Send' button. The actual mode of life is similar to Internet Banking basically. The difference is only in the level of security where Bitcoin is far superior because the transaction occurs directly from the sender to the recipient without involving a "bitcoin agency" or any manager who can at any time control, take or remove your money.

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March 14, 2018, 01:16:56 PM
 #60

The safest ways to keep large volume of crypto currency assets is by saving them on a hard wallet like Trezor. the configuration and mode of access gives the owner of the wallet a peace of mind a s it is generally offline and can be accessed based on certain ID.
Get safe today, Get a hard wallet

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